Segment Information (In Thousands)

3 Months Ended

Jun. 30, 2011

Segment Information (In Thousands) [Abstract]

SEGMENT INFORMATION (in thousands)

NOTE C — SEGMENT INFORMATION (in thousands)

	THREE MONTHS ENDED
	JUNE 30,
	2011			2010
Net sales
Coil	$	15,430		$	12,097
Tubular		23,505			17,125
Total net sales	$	38,935		$	29,222
Operating profit (loss)
Coil	$	(329	)	$	(324	)
Tubular		3,916			3,245
Total operating profit		3,587			2,921
Corporate expenses		850			758
Interest & other income		(18	)		(14	)
Earnings before income taxes	$	2,755		$	2,177

	June 30,		March 31,
	2011		2011
Segment assets
Coil	$	22,371	$	25,150
Tubular		32,592		36,334
		54,963		61,484
Corporate assets		17,936		8,100
	$	72,899	$	69,584

     Corporate expenses reflect general and administrative expenses not directly associated with segment operations and consist primarily of corporate executive and accounting salaries, professional fees and services, bad debts, profit sharing expense, corporate insurance expenses and office supplies. Corporate assets consist primarily of cash and cash equivalents and the cash value of officers’ life insurance.